NEW NORTH INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

PATTI HABECK

Phone

9203363860

Tax Period

2024-07-01 to 2025-06-30

NEW NORTH INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

TO BE THE CATALYST FOR REGIONAL PROSPERITY FOR ALL THROUGH COLLABORATIVE ACTION.

Program Service Accomplishments

Program 1

Expenses: $1,476,780 Revenue: $548,416

NEW NORTH IS A CONSORTIUM OF BUSINESS, ECONOMIC DEVELOPMENT, CHAMBERS OF COMMERCE, WORKFORCE DEVELOPMENT, CIVIC, NONPROFIT, AND EDUCATION LEADERS IN 18 COUNTIES OF NORTHEAST WISCONSIN WHO ARE WORKING TO HARNESS THE REGIONS RESOURCES, TALENTS AND CREATIVITY FOR THE PURPOSE OF SUSTAINING AND GROWING THE REGIONAL ECONOMY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,164,371

Program Service Revenue $548,416

Investment Income $24,491

Other Revenue $5,946

TOTAL REVENUE $1,743,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $991,499

Fundraising Expenses $54,220

Program Expenses $1,476,780

Other Expenses $745,570

TOTAL EXPENSES $1,737,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,743,224	$2,055,492	-0.2%
Expenses	$1,737,069	$1,916,933	-0.1%
Net Income	$6,155	$138,559	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$260,485

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARB LAMUE	PRESIDENT &	40.00	Officer	$230,371	$30,114	$260,485
BARBARA KOLDOS	VP BUSINESS	40.00	Highest	$117,333	$6,800	$124,133
REBECCA DESCHANE	VP TALENT DE	40.00	Highest	$108,236	$6,588	$114,824
MICHAEL ALEXANDER	MEMBER	2.00	Director	$0	$0	$0
BECKY BARTOSZEK	MEMBER	2.00	Director	$0	$0	$0
DR ASHWANI BHATIA	MEMBER	2.00	Director	$0	$0	$0
HOLLY BRENNER	MEMBER	2.00	Director	$0	$0	$0
COREY BRUMBAUGH	MEMBER	2.00	Director	$0	$0	$0
KATE BURGESS	MEMBER	2.00	Director	$0	$0	$0
LAURIE BUTZ	MEMBER	2.00	Director	$0	$0	$0
CHRIS CALDWELL	MEMBER	2.00	Director	$0	$0	$0
PAUL CARLSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
SHERRY COLEY	MEMBER	2.00	Director	$0	$0	$0
BOB DEKOCH	MEMBER	2.00	Director	$0	$0	$0
DENNIS DELOYE	MEMBER	2.00	Director	$0	$0	$0
COREEN DICUS-JOHNSON	MEMBER	2.00	Director	$0	$0	$0
MICHAEL FRIESE	MEMBER	2.00	Director	$0	$0	$0
MARY GOGGANS	CO-CHAIR	5.00	Officer Director	$0	$0	$0
CHRIS HANDRICK	TREASURER	5.00	Officer Director	$0	$0	$0
JASON HOWE	MEMBER	2.00	Director	$0	$0	$0
KELLY HURT	MEMBER	2.00	Director	$0	$0	$0
LAURIE JOYNER	MEMBER	2.00	Director	$0	$0	$0
DAVE KIEVET	MEMBER	2.00	Director	$0	$0	$0
ROB KIM	MEMBER	2.00	Director	$0	$0	$0
MARCUS KOEHL	MEMBER	2.00	Director	$0	$0	$0
JOHN KREUL	MEMBER	2.00	Director	$0	$0	$0
ANDREW LEAVITT	MEMBER	2.00	Director	$0	$0	$0
CHRIS MATHENY	MEMBER	2.00	Director	$0	$0	$0
DON MCCARTNEY	MEMBER	2.00	Director	$0	$0	$0
KELLY MCCARTNEY	MEMBER	2.00	Director	$0	$0	$0
BRICK MURPHY	MEMBER	2.00	Director	$0	$0	$0
DOUG PAGE	MEMBER	2.00	Director	$0	$0	$0
SUNEER PATEL	MEMBER	2.00	Director	$0	$0	$0
MAUREEN PISTONE	MEMBER	2.00	Director	$0	$0	$0
AARON POPKEY	MEMBER	2.00	Director	$0	$0	$0
JODI SCHOERNER	MEMBER	2.00	Director	$0	$0	$0
MICHELLE SCHULER	MEMBER	2.00	Director	$0	$0	$0
KATHI SEIFERT	MEMBER	2.00	Director	$0	$0	$0
SACHIN SHIVARAM	CO-CHAIR	5.00	Officer Director	$0	$0	$0
BETHANY SKORIK	MEMBER	2.00	Director	$0	$0	$0
GREG SMEDEMA	MEMBER	2.00	Director	$0	$0	$0
CATHERINE TIERNEY	MEMBER	2.00	Director	$0	$0	$0
JOHN VERICH	MEMBER	2.00	Director	$0	$0	$0
MIKE VOGEL	MEMBER	2.00	Director	$0	$0	$0
VANESSA WELLENS	MEMBER	2.00	Director	$0	$0	$0
DAVID WESTPHAL	MEMBER	2.00	Director	$0	$0	$0
CRAIG WIEDEMEIER	MEMBER	2.00	Director	$0	$0	$0
JAMESON WILSON	MEMBER	2.00	Director	$0	$0	$0
PATTI HABECK	PRESIDENT &	0.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,743,224	$1,737,069	$1,428,800	$6,155
2024	$2,055,492	$1,916,933	$1,444,475	$138,559
2023	$1,851,408	$1,678,433	$1,259,699	$172,975
2022	$2,770,327	$2,678,513	$1,098,251	$91,814
2021	$1,655,480	$1,307,503	$1,105,782	$347,977
2020	$1,073,736	$1,229,923	$745,121	$-156,187
2019	$1,164,246	$1,053,892	$797,715	$110,354
2018	$1,067,481	$1,040,016	$681,204	$27,465